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Real Estates

 Why the Taxi Driver Can Make You Tens of Thousands of Dollars Investing in Commercial Real Estate

It may sound hard to believe, but, when it comes to where and what kind of apartment or commercial property you should be looking at investing in and or becoming an owner of, the taxi cab driver and TV reporter are sometimes your best indication of what kind of property you should choose.

I know, sounds like I may have finally fallen off of my rocker. Upon reflection, it does sound a bit crazy, so, having said this let me explain it in a little better detail for you with a story.

A few months ago I needed to do some traveling and I flew into a well known city located in the SE part of the US.

I grab my luggage from the airport and find a cab to take me to my hotel. The gentleman or cabbie driving me was very helpful. Not only was this cabbie helpful with my baggage but he also helpful in telling me that I should not buy any real estate in this market.

How did a cabbie convince me that this was NOT the place to buy real estate?

By proceeding to tell me that the marketplace was hot. People are buying properties and turning around and selling them for hundreds of thousands more the same day or in some cases the next day. If I was smart he says I would be going to buy this property so I could profit on this too.

No offense to my cabbie friend OK. But, if a cabbie is telling me how hot the real estate market is that tells me that the market is about ready to either have a major slowdown or a huge correction.

Why? I will tell you in a bit.

So, I get out of the cab and proceed to my hotel room. The first thing I do upon getting there was flip the TV on. Well, while flipping through channels I run across a local TV news program and a local reporter is telling me about, you guessed it, how hot the real estate market is and how much money people are making.

Once again, the decision NOT to buy here was made even stronger to me.

Some of you may be thinking something along the lines of, "Darin, you had two people tell you how great the market was and this was all in the same day. So, why not buy there, wasn't there evidence that the market was good?

Yes, there was evidence, but let me tell you something. When the "common folk" such as a cabbie start to tell me what kind of property I need to be investing in that is a sure sign that this is the property to avoid. In other words, if these folks know about it, if folks "on the street" and "not in the real estate know" are experts in this it is time to run away from these kind of investments and this kind of property.

Look what happened in the recent dot com bust? Same kind of thing. Only the same kind of rules DO apply to real estate as well.

The big lesson? When it comes to owning and investing in apartments and commercial investment property, the smart thing is to do is WHAT OTHERS ARE NOT DOING - Make sure you do not follow the masses. Do what 99% of the people don't do.

This will be the best path to success for you in the apartment and investment real estate business. Let me tell you, you will be tempted. Don't fall for it.

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Keywords Tag:
real estate investing, commercial property, apartment investing, commercial real estate

 

 

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Travel - Skiing

 My Skiing Vacation To Europe

Around a year ago, I went on a skiing vacation to France and had a great time by all accounts. The best part was that I went with all my friends, all of which had varied abilities, but were all eager to give it a go. Some of my friends compete in competitions and the like, whilst others have only been on the slopes a few times in their life. The fact is that we were all really looking forward to it, and we were all sure to enjoy ourselves whilst we were away. Unfortunately, we donít spend much time together, as we all go to different colleges, whilst others are trying to make it through the rat race.



When we decided to book the holiday I was delighted to hear that everybody was able to make it, and that everyone had promised to save up enough money to really enjoy themselves while we were away. The cost of booking the holiday worked out at around $300 for accommodation for the week as we were going to be staying at a backpackerís location, and it was only going to cost $150 for return flights. We really felt like we had struck a bargain, and we were even more delighted when we heard that the cost of living would be really cheap when we got there. We had decided to save up $1000 each, which meant that we would have more than enough spending money for when we arrived.

I have to say, I never quite expected Europe to be such an excellent skiing destination for people like us with mixed abilities. Sure, there are the Alps, but I thought these were only the playground of the expert skiers. How wrong I was! There are simply loads of different places in Europe you can go, regardless of your skiing ability, and youíre almost guaranteed to have a great time. Also, the facilities right on the resorts are out of this world. It really is a great place to go skiing.

We arrived in France, and we were firstly shocked at how laid-back it all seemed. It was some surrealist painting, except in motion, with strange, stereotypically French characters passing by. Regardless of this initial culture shock, we soon got our skis on and experienced the awesome slopes for ourselves. Trust me - France is a great place to go skiing with your friends, and a great place to go on a vacation if youíre looking to have a good time.

We chose France for our vacation, but there are loads of great European ski resorts, and in fact, some people even say that Europe is the home of the sport, and it is easy to see why. If youíre looking for a great time, go for Europe, to experience a wholly different way of life, and skiing that is simply second to none. Check out your travel agent for good deals, and remember that the more flexible you are, the cheaper your holiday. By booking up the flights at the last minute, you can end up saving loads with some of the budget airlines, and by being totally flexible, you can avoid peak times, which means you can avoid peak prices. Your vacation in Europe doesnít have to cost the earth, but it can be a once in a lifetime experience that you will never forget.

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travel,travel agency,travel operators,travel vacation,travel holidays,webhosting travel site,travel booking,ticketing,hotels,resorts,vacation,holidays

 

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